Contrarian Investor: Is QE's future to infinity and beyond?

Central bank ammunition

To the long list of acronyms widely used and abused in investment we can now add another: MFFP. This stands for Money Finance Fiscal Programme.

I can safely predict MFFP will become as widely used as QE, TARP, and other unusual monetary interventions as it refers to what I am now calling QE ∞ . The ∞ refers to infinity. Shout after me: "QE to infinity and beyond with MFFP". MFFP, in layman's terms, refers to helicopter money, which as Ben Bernanke, ex-boss of the Federal Reserve rightly pointed out in a blog for the Brookings Institution, has become a rather pejorative term among QE sceptics. They seem to imagine central bankers pootering around in helicopters tipping money over the side like Argentinian dictators once dispatche...